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Rich ToscanoKeymaster[quote=CA renter]
Now, we are going to see an end to the govt intervention, as most of the risks that could be transferred to the public have been transferred. This was ALWAYS about saving the banks, and that job is done. Now, they will pull the plug, and allow the deflation to happen, IMHO.[/quote]Why would they do that? That would just put the banks at risk of failure again, in addition to a host of other consequences that would ensure they aren’t re-elected or re-appointed.
Rich ToscanoKeymaster[quote=CA renter]
Now, we are going to see an end to the govt intervention, as most of the risks that could be transferred to the public have been transferred. This was ALWAYS about saving the banks, and that job is done. Now, they will pull the plug, and allow the deflation to happen, IMHO.[/quote]Why would they do that? That would just put the banks at risk of failure again, in addition to a host of other consequences that would ensure they aren’t re-elected or re-appointed.
Rich ToscanoKeymaster[quote=CA renter]
Now, we are going to see an end to the govt intervention, as most of the risks that could be transferred to the public have been transferred. This was ALWAYS about saving the banks, and that job is done. Now, they will pull the plug, and allow the deflation to happen, IMHO.[/quote]Why would they do that? That would just put the banks at risk of failure again, in addition to a host of other consequences that would ensure they aren’t re-elected or re-appointed.
February 22, 2011 at 4:22 PM in reply to: San Diego up 1.7% while nationwide home prices near 2009 lows #669727Rich ToscanoKeymasteri was talking about month to month….
February 22, 2011 at 4:22 PM in reply to: San Diego up 1.7% while nationwide home prices near 2009 lows #669789Rich ToscanoKeymasteri was talking about month to month….
February 22, 2011 at 4:22 PM in reply to: San Diego up 1.7% while nationwide home prices near 2009 lows #670396Rich ToscanoKeymasteri was talking about month to month….
February 22, 2011 at 4:22 PM in reply to: San Diego up 1.7% while nationwide home prices near 2009 lows #670536Rich ToscanoKeymasteri was talking about month to month….
February 22, 2011 at 4:22 PM in reply to: San Diego up 1.7% while nationwide home prices near 2009 lows #670879Rich ToscanoKeymasteri was talking about month to month….
Rich ToscanoKeymaster[quote=briansd1]What’s to complain about?
Our economy was misaligned toward too much consumer spending and not enough saving. Higher prices and interest rates will cause to eat less, buy less junk, and save more. Not too bad.[/quote]
No, higher REAL interest rates would cause that. Right now real interest rates are negative — a huge disincentive to save — and the Fed will ensure that they remain negative, to the extent it’s able (which as I’ve often said is until the foreigners pull the plug).
Rich ToscanoKeymaster[quote=briansd1]What’s to complain about?
Our economy was misaligned toward too much consumer spending and not enough saving. Higher prices and interest rates will cause to eat less, buy less junk, and save more. Not too bad.[/quote]
No, higher REAL interest rates would cause that. Right now real interest rates are negative — a huge disincentive to save — and the Fed will ensure that they remain negative, to the extent it’s able (which as I’ve often said is until the foreigners pull the plug).
Rich ToscanoKeymaster[quote=briansd1]What’s to complain about?
Our economy was misaligned toward too much consumer spending and not enough saving. Higher prices and interest rates will cause to eat less, buy less junk, and save more. Not too bad.[/quote]
No, higher REAL interest rates would cause that. Right now real interest rates are negative — a huge disincentive to save — and the Fed will ensure that they remain negative, to the extent it’s able (which as I’ve often said is until the foreigners pull the plug).
Rich ToscanoKeymaster[quote=briansd1]What’s to complain about?
Our economy was misaligned toward too much consumer spending and not enough saving. Higher prices and interest rates will cause to eat less, buy less junk, and save more. Not too bad.[/quote]
No, higher REAL interest rates would cause that. Right now real interest rates are negative — a huge disincentive to save — and the Fed will ensure that they remain negative, to the extent it’s able (which as I’ve often said is until the foreigners pull the plug).
Rich ToscanoKeymaster[quote=briansd1]What’s to complain about?
Our economy was misaligned toward too much consumer spending and not enough saving. Higher prices and interest rates will cause to eat less, buy less junk, and save more. Not too bad.[/quote]
No, higher REAL interest rates would cause that. Right now real interest rates are negative — a huge disincentive to save — and the Fed will ensure that they remain negative, to the extent it’s able (which as I’ve often said is until the foreigners pull the plug).
February 22, 2011 at 10:18 AM in reply to: San Diego up 1.7% while nationwide home prices near 2009 lows #670285Rich ToscanoKeymasterI have SD Case Shiller as up 1.7% yoy (maybe that’s what the op’s article was referring to… sounded like seasonally adjusted in the article but I could be wrong).
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